Services, Credit/Revenue in Sub-Saharan Africa (SSA)
Sub-Saharan Africa (SSA): Services, Credit/Revenue was 81.42 billion in 2024. ▲ Rising
Services, Credit/Revenue in Sub-Saharan Africa (SSA), 2005–2024
Source: International Monetary Fund.
Analysis
Sub-Saharan Africa (SSA) recorded 81.42 billion for services, credit/revenue in 2024. That is the highest value across all 20 years on record.
Compared with earlier readings it is up 8.8% on the previous year and up 44.4% over ten years.
Over the whole period, services, credit/revenue in Sub-Saharan Africa (SSA) peaked at 81.42 billion in 2024 and was at its lowest, 30.19 billion, in 2005.
The long-run direction has been consistently rising across the 20 years of available data.
Services, Credit/Revenue in Sub-Saharan Africa (SSA), year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 30.19 billion | — |
| 2006 | 35.30 billion | +16.9% |
| 2007 | 39.32 billion | +11.4% |
| 2008 | 42.29 billion | +7.6% |
| 2009 | 39.99 billion | -5.4% |
| 2010 | 46.32 billion | +15.8% |
| 2011 | 52.74 billion | +13.8% |
| 2012 | 55.46 billion | +5.2% |
| 2013 | 55.67 billion | +0.4% |
| 2014 | 56.38 billion | +1.3% |
| 2015 | 57.22 billion | +1.5% |
| 2016 | 56.34 billion | -1.5% |
| 2017 | 63.04 billion | +11.9% |
| 2018 | 69.71 billion | +10.6% |
| 2019 | 71.18 billion | +2.1% |
| 2020 | 47.13 billion | -33.8% |
| 2021 | 55.24 billion | +17.2% |
| 2022 | 69.50 billion | +25.8% |
| 2023 | 74.85 billion | +7.7% |
| 2024 | 81.42 billion | +8.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 37.42 billion | 30.19 billion | 42.29 billion | 5 |
| 2010s | 58.41 billion | 46.32 billion | 71.18 billion | 10 |
| 2020s | 65.63 billion | 47.13 billion | 81.42 billion | 5 |
Countries ranked near Sub-Saharan Africa (SSA)
More financial sector data for Sub-Saharan Africa (SSA)
- Total reserves (gold at national valuation) (SDR), annual growth rate 8.03 % change on previous year (2025)
- Gold reserves at market value 20.27 billion SDR (2025)
- Reserves excluding gold, foreign exchange 141.23 billion SDR (2025)
- Reserves excluding gold 154.94 billion SDR (2025)
- Total reserves (gold at market value) 173.33 billion SDR (2025)
- Total reserves (gold at national valuation) 177.24 billion SDR (2025)
- Reserves excluding gold (SDR), annual growth rate 3.4 % change on previous year (2025)
- Gold reserves at 35 SDRs per ounce 260.15 million SDR (2025)
- Reserves excluding gold, foreign exchange (SDR), annual growth rate 4.08 % change on previous year (2025)
- Total reserves (gold at market value) (SDR), annual growth rate 7.62 % change on previous year (2025)
Frequently asked questions
- What is services, credit/revenue in Sub-Saharan Africa (SSA)?
- Services, credit/revenue in Sub-Saharan Africa (SSA) was 81.42 billion in 2024, according to International Monetary Fund.
- What is the highest services, credit/revenue recorded in Sub-Saharan Africa (SSA)?
- The highest recorded value was 81.42 billion in 2024.
- What is the lowest services, credit/revenue recorded in Sub-Saharan Africa (SSA)?
- The lowest recorded value was 30.19 billion in 2005.
- How does Sub-Saharan Africa (SSA) rank for services, credit/revenue?
- Sub-Saharan Africa (SSA) ranks 9th out of 9 groups with data for 2024.
- Is services, credit/revenue rising or falling in Sub-Saharan Africa (SSA)?
- Over the last ten years it is up 44.4%. The long-run trend across the full record is rising.
- Where does this Sub-Saharan Africa (SSA) data come from?
- The figures come from International Monetary Fund, published as part of Services, Credit/Revenue (US dollar). Statizoid updates them automatically from the source API.
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About this data
The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.